“We have made significant progress in pulling the nation back from the brink of debt distress. Our debt situation is better managed, and our budget now has space for investment in programmes aimed at easing the hardship on vulnerable people and creating opportunities for the youth,” said President William Ruto.
Reflecting on the past 20 months since taking office, President Ruto remarked, “When we assumed office, our country was facing tremendous economic challenges. Escalating the cost of essential household commodities, high fuel prices, rapid depreciation of the shilling, and spiraling public debt were threatening to ground the economy.”
Under Ruto’s leadership, the government has implemented measures to stabilize the economy, including fiscal reforms and strategic investments. These efforts have yielded improvements in economic indicators and have created a more favorable environment for social programs that benefit the most vulnerable segments of society and empower the youth through education and employment initiatives.
